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ZIP Code 77242

Learn about the people, housing, costs and businesses in 77242

Median Rent$1,139/month
Population2,025
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing17% information & media
Home Value Growth+9.1% over 2 years
Young Adults44% of residentstop 4% nationally
Renters84% of occupied units
ZIP Code
77242

Frequently Asked Questions

What are today's mortgage rates in ZIP code 77242?

As of today, the 30-year fixed mortgage rate for ZIP code 77242 is approximately 7.485% (7.542% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for ZIP code 77242
Are home values rising in ZIP code 77242?

Home values in ZIP code 77242 have increased 9.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in ZIP code 77242?

Based on a typical all-in ownership cost of $1,099/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in ZIP code 77242 is $50k/year.

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What industries drive the economy in ZIP code 77242?

The largest employment sectors in ZIP code 77242 are information and media (17%) and finance and insurance (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

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